Thursday, April 30, 2020

Indices closed down .28% to 1.17%.....

Indices closed down.

 S&P 500 @ 2912.43, low 2892.47, high 2930.91

 RSI @ 57.87

 CMF @ 0.110

 Internals were :

 Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq

 Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq

 Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq

 VIX UP 9.35% @ 34.15

 Oil @ $18.84

 Gold @ $1694.20

 Canadian $ @ .6086

 Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR

 Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX 
YY LNG OSTK....

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.

 BLOG does NOT give buy or sell.

 Saleem

at

17 comments:

  1. Stocks100May 1, 2020 at 5:06 AM

    Hi Stocktrader,

    Sold AMD @ $50.71

    Sold TWTR @ $27.65

    Both sold in pre market.

    Saleem

    ReplyDelete
  2. stocktrader_1996May 1, 2020 at 5:47 AM

    Hi Saleem,

    Good luck with reduced exposure per last night's note.

    Maybe you'll find some bargains in coming days! :)

    Stocktrader

    ReplyDelete
  3. Stocks100May 1, 2020 at 6:13 AM


    Hi Stocktrader,

    Bought MGM @ $15.60 in pre market

    Saleem

    ReplyDelete
  4. stocktrader_1996May 1, 2020 at 6:24 AM

    Hi Saleem,

    Good luck with MGM!

    I might buy DKNG and WDC today. Looking to sell AVGO.

    Stocktrader

    ReplyDelete
  5. stocktrader_1996May 1, 2020 at 6:30 AM

    Hi Saleem,

    Bought WDC @ 40.10

    Stocktrader

    ReplyDelete
  6. stocktrader_1996May 1, 2020 at 6:32 AM

    Hi Saleem,

    Sold AVGO @ 266.75

    Stocktrader

    ReplyDelete
  7. stocktrader_1996May 1, 2020 at 6:55 AM

    Hi Saleem,

    Bought DKNG @ 19.25

    Stocktrader

    ReplyDelete
  8. Stocks100May 1, 2020 at 7:45 AM


    Hi Stocktrader,

    Good luck with DKNG & WDC....

    Saleem

    ReplyDelete
  9. stocktrader_1996May 1, 2020 at 8:23 AM

    Hi Saleem,

    Bought KRA @ 14.25 on this dip

    Stocktrader

    ReplyDelete
  10. Stocks100May 1, 2020 at 8:38 AM


    Hi Stocktrader,

    Good luck with KRA...

    Saleem

    ReplyDelete
  11. psrajpalMay 1, 2020 at 10:42 AM

    Hi Saleem,

    Bought KRA@14.04 on pullback. Added a small position in CNX @10.15
    Sold VIR (MRNA news killed it) and CGC (expectation of Legalization in US may come but seems the optimism is fading)

    Sharing my holdings : BLPH LVGO CNX KRA HEPA ONEM BHVN OPK NAIL HCAT PS

    Market downside has created good opportunities again.

    Thanks

    Paramjeet

    ReplyDelete
  12. Stocks100May 1, 2020 at 10:59 AM


    Hi Paramjeet,

    Good luck with KRA & CNX...

    Good luck with your portfolio!

    Saleem

    ReplyDelete
  13. stocktrader_1996May 1, 2020 at 11:10 AM

    Hi Paramjeet,

    Good luck with the new stocks and overall portfolio!

    Any thoughts on AMD?

    Stocktrader

    ReplyDelete
  14. psrajpalMay 1, 2020 at 11:44 AM

    Thanks Saleem and Stocktrader. AMD below 50 is a great add. The numbers were not too bad based upon the overall macroeconomic situation.

    Thanks

    Paramjeet

    ReplyDelete
  15. psrajpalMay 1, 2020 at 11:56 AM

    The fall today is mostly linked with Trump indication of Trade war with China 2.0. Dust will settle and AMD will be back to its new highs with economic recovery.

    Thanks

    Paramjeet

    ReplyDelete
  16. explorerMay 1, 2020 at 12:01 PM

    Tech with AMZN is also contributing to the downfall. Joined you both with KRA shares @13.77

    ReplyDelete